Propylene Glycol Methyl Ether Acetate Market

Propylene Glycol Methyl Ether Acetate Market Study by 99.5% and 99.9% Purity for Solvents, Cleaners, Electronics, Metal Finishing, and Pesticides from 2024 to 2034

Analysis of Propylene Glycol Methyl Ether Acetate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Propylene Glycol Methyl Ether Acetate Market Outlook (2024 to 2034)

The global propylene glycol methyl ether acetate market size is placed at a value of US$ 980.6 million for 2024. Projections are that market expansion will take place at 7.8% CAGR to reach US$ 2.08 billion by the end of 2034.

Propylene glycol methyl ether acetate, also known as PMA/PGMEA, is a colorless liquid with a fruity and aromatic smell. It is a highly effective industrial solvent that is proven to be very low in toxicity and has a strong solubility for all materials such as polar and unipolar materials.

PGMEA is prominently used in a wide variety of industrial materials such as paints, printing inks, and various other polymers including nitrocellulose, acrylic acid, resin, glycol acid resin, and epoxy resin. Due to these properties, PGMEA has found widespread use in various industries, including automotive, textile, paint, and electronics. Its low toxicity and efficient solvency contribute to its increasing demand.

Propylene glycol methyl ether acetate is predominantly used as a solvent for printing inks used in toner cartridges. Propylene glycol methyl ether acetate makes the ink solvable, ensuring precise printing without spillage. This colorless hygroscopic liquid with a unique odor is likewise used as a dye in the textile industry as it doesn’t cause any unnecessary colors, working as both solvents as well as with no color left afterward. Its unique odor makes it easily detectable, facilitating quick identification of potential leakage.

PGMEA serves as a dye compound that imparts no color yet functions as a solvent in both aqueous and organic solvents. This makes it highly sought after by manufacturers looking for colorless solvents. Methyl ether acetates find significant applications in the electronics industry, serving as diluents for both polar and non-polar substances in TFT-LCD photo-resistance, optical resist production, photoresist removal, stripping agents, and IC detergents.

Its non-corrosive nature makes it an excellent solvent for use in electronic chips and battery management ICs. All of the abovementioned factors are contributing to the propylene glycol methyl ether acetate market growth.

Report Attributes Details
Propylene Glycol Methyl Ether Acetate Market Size (2024E) US$ 980.6 Million
Forecasted Market Value (2034F) US$ 2.08 Billion
Global Market Growth Rate (2024 to 2034) 7.8% CAGR
Canada Market Growth Rate (2024 to 2034) 8.8% CAGR
China Market Value (2034F) US$ 457.3 Million
North America Market Share (2024E) 28.6%
East Asia Market Share (2034F) 38.4%
Key Companies Profiled
  • Chang Chun Group
  • Shiny Chemical Industrial Company Ltd
  • KH Neochem Co.
  • Dow Chemical Company
  • Eastman Chemical Company
  • Royal Dutch Shell Plc
  • Yancheng Super Chemical
  • LyondellBasell

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Which Propylene Glycol Methyl Ether Acetate Market Trends are Benefitting Manufacturers?

“Integral Role of PGMEA in Lithography Procedures for Semiconductor Manufacturing”

When combining various chemicals for wafer manufacture or semiconductor production, PGMEA serves as a solvent. In the extreme UV process for producing advanced chips, 5N PGMEA acts as the photoresist. PGMEA is essential to the lithography procedure, a printing process critical for semiconductor production.

PGMEA is extensively employed in lithography to apply bottom anti-reflection coatings and deposit hard masks, crucial for maintaining pattern integrity on wafers. Due to the rising demand for miniaturized electronic devices and advancements in PCB design technologies, the prospects for PGMEA in electronic manufacturing appear promising.

“Extensive Ether Acetate Usage as Non-Corrosive Coating for Mechanical Parts”

Recent years have witnessed substantial infrastructure development, with every region experiencing development through the construction of highways, flyovers, and skyscrapers. This surge in development has spurred an uptick in the glycol methyl ether acetate market, where these acetates are utilized in coatings and paints.

In addition to their role in the construction industry, these ether acetates have made inroads into the automotive sector. Here, they serve as non-corrosive coatings for car mechanical parts, aiding in corrosion prevention and enhancing part longevity.

Each of these applications contributes to the growing popularity of these acetates, bolstering sales and promising profitable prospects for market suppliers. Due to their enhanced stability compared to other cleaning chemicals and lower cost relative to alternatives, the cleansers segment of the market has seen notable growth over the past few years. This growth further propels the expansion of the propylene glycol methyl ether acetate market size.

What Obstacles Do PGMEA Manufacturers Face?

“Health Issues Associated with Accidental Inhalation of Propylene”

The extensive use of PGMEA solvents entails side effects. Propylene is known for its high vapor concentration, which can cause acute health issues if inhaled. The application of glycol methyl ether has expanded to various industries, including electronics and automotive, potentially exposing end-users to this solvent and resulting in serious health risks.

Manufacturers have recognized these issues and are actively conducting research and analyses to mitigate obstacles and prevent accidents. Despite ongoing research, these challenges have hindered market growth, impacting manufacturers' profit margins worldwide.

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Country-wise Evaluation

What Makes the United States a Lucrative Market for PGMEA Manufacturers?

“Well-established Construction Industry and Vast Road Network”

Attribute United States
Market Value (2024E) US$ 201.1 Million
Growth Rate (2024 to 2034) 8.3% CAGR
Projected Value (2034F) US$ 444.5 Million

The United States boasts well-developed infrastructure, characterized by well-designed skyscrapers and a robust road network. Propylene glycol methyl ether acetate is used in construction for its coating properties. Its ability to effectively dilute various substances such as cement blocks, concrete, and sand makes construction easier for field workers.

Beyond infrastructure, the country hosts renowned industrial setups generating substantial profits. Many of these industries are investing in the propylene glycol methyl ether acetate market, because of its remarkable qualities. This presents an opportunity for PGMEA suppliers to establish their presence and dominance in the United States market.

Why are PGMEA Suppliers Investing Heavily in China?

“High Use of Propylene Glycol Methyl Ether Acetate in Preventing Corrosion in Electronic Devices”

Attribute China
Market Value (2024E) US$ 203.7 Million
Growth Rate (2024 to 2034) 8.4% CAGR
Projected Value (2034F) US$ 457.3 Million

Propylene glycol methyl ether acetate has demonstrated effectiveness in the electronic industry, particularly in preventing corrosion in delicate and expensive electronic chips. China is a major manufacturing hub for semiconductors in Asia, with several prominent companies investing in the market. These industries extensively utilize PGMEA solvents to enhance the quality and functionality of their chips in the global market.

With these chips exported worldwide, PGMEA suppliers have a significant opportunity to collaborate with Chinese manufacturers and strengthen their presence in the Asian regions, benefiting the industry as a whole.

Category-wise Insights

Where is There Extensive Use of Propylene Glycol Methyl Ether Acetate?

“Rising Use of PGMEA Due to its Role in Improving Durability of Metal Parts”

Attribute Metal Finishing
Segment Value (2024E) US$ 228.5 Million
Growth Rate (2024 to 2034) 7.7% CAGR
Projected Value (2034F) US$ 496.7 Million

PGMEA finds significant applications in the metallurgical sector due to its ability to prevent staining and aid in filtering out impurities during metal production. The metal finishing segment accounts for a significant propylene glycol methyl ether acetate market share. These ethers help improve the durability, appearance, and performance of metal parts. Because of its superior solvency, PGMEA is extensively employed in various applications such as acrylics, epoxies, alkyds, polyesters, and more.

Know thy Competitors

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Industry Competition

Key players in the propylene glycol methyl ether acetate market such as Chang Chun Group, Shiny Chemical Industrial Company Ltd, and KH Neochem Co. have established themselves as dominant players through their monopolistic strategies, consistently expanding their presence and entering into collaborations with counterparts globally. This has positioned them as notable competitors, recognized for their effectiveness and efficiency. Companies are investing heavily in understanding the obstacles of such acetates and turning those obstacles into opportunities resulting in big bucks.

Key Segments of Propylene Glycol Methyl Ether Acetate Market Research

  • By Application :

    • Solvents
    • Cleaners
    • Electronics
    • Metal Finishing
    • Pesticides
  • By Purity :

    • 99.5%
    • 99.9%
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the propylene glycol methyl ether acetate market?

The global propylene glycol methyl ether acetate market is estimated at US$ 980.6 million in 2024.

What is the share of Japan in the East Asian market?

Japan accounts for around 31.3% market share in East Asia in 2024.

What is the projected demand valuation for propylene solvents in the market?

Demand for propylene solvents is foreseen to reach a market value of US$ 2.76 billion by 2034.

At what rate is the market projected to expand in East Asia?

In East Asia, the market is projected to expand at a CAGR of 3.6% from 2024 to 2034.

Who are the top suppliers of propylene glycol methyl ether acetate?

Leading companies in the market are Chang Chun Group, Shiny Chemical Industrial Company Ltd, and KH Neochem Co.

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